LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$127M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$86.5M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$66.9M |
| 4 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$58.9M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$67M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$44.8M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$38.8M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$36.2M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.44% |
| 4 | Industrials | 2.02% |
| 5 | Communication Services | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $74.5M | 0.2% |
613,291
+135,803
| +28% | +$15.7M |
|
102
First Trust Capital Strength ETF
FTCS
$7.88B
| $73.5M | 0.2% |
1,522,835
+239,745
| +19% | +$12.4M |
|
103
iShares Global Tech ETF
IXN
$8.7B
| $73.2M | 0.19% |
3,047,592
+755,598
| +33% | +$19.8M |
|
104
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $72.6M | 0.19% |
829,508
-52,318
| -6% | -$4.46M |
|
105
Alphabet (Google) Class C
GOOG
$3.9T
| $72.3M | 0.19% |
1,397,160
-8,320
| -0.6% | -$445K |
|
106
Coca-Cola
KO
$354B
| $71.3M | 0.19% |
1,506,460
+41,789
| +3% | +$2M |
|
107
Home Depot
HD
$332B
| $70.4M | 0.19% |
409,570
-39,484
| -9% | -$7.08M |
|
108
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.86B
| $70.1M | 0.19% |
600,890
-25,315
| -4% | -$3.15M |
|
109
Cisco
CSCO
$450B
| $68.7M | 0.18% |
1,584,992
+64,439
| +4% | +$2.95M |
|
110
Bank of America
BAC
$435B
| $67.9M | 0.18% |
2,757,629
-175,934
| -6% | -$4.77M |
|
111
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $64.7M | 0.17% |
748,748
-118,250
| -14% | -$11.4M |
|
112
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.32B
| $64.4M | 0.17% |
1,262,335
+70,942
| +6% | +$3.61M |
|
113
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $64.2M | 0.17% |
2,030,338
+172,353
| +9% | +$5.91M |
|
114
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $64.1M | 0.17% |
535,898
+14,681
| +3% | +$1.89M |
|
115
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $61.5M | 0.16% |
2,322,980
+689,742
| +42% | +$18.7M |
|
116
Altria Group
MO
$122B
| $59.8M | 0.16% |
1,210,156
+8,348
| +0.7% | +$484K |
|
117
PepsiCo
PEP
$186B
| $58.6M | 0.16% |
530,696
+50,025
| +10% | +$5.64M |
|
118
iShares Russell Mid-Cap Growth ETF
IWP
$20B
| $58.5M | 0.16% |
1,028,778
+13,226
| +1% | +$805K |
|
119
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$415M
| $57.2M | 0.15% |
1,302,588
+50,034
| +4% | +$2.38M |
|
120
Vanguard Mid-Cap Value ETF
VOE
$23.7B
| $56.7M | 0.15% |
595,633
+9,639
| +2% | +$1.01M |
|
121
Vanguard Total International Stock ETF
VXUS
$153B
| $56.5M | 0.15% |
1,196,172
-57,140
| -5% | -$2.84M |
|
122
Vanguard Health Care ETF
VHT
$18.2B
| $56.5M | 0.15% |
351,603
+42,442
| +14% | +$7.19M |
|
123
Intel
INTC
$466B
| $56.2M | 0.15% |
1,197,697
+119,747
| +11% | +$5.61M |
|
124
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.45B
| $56M | 0.15% |
1,003,010
+131,583
| +15% | +$7.38M |
|
125
Lockheed Martin
LMT
$134B
| $56M | 0.15% |
213,884
+4,246
| +2% | +$1.29M |
|
Similar funds
LPL Financial's Q4 2018 Portfolio in Review
As of Q4 2018, LPL Financial held 3,382 positions worth $37.6B, down 9.9% from $41.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial's Q4 2018 filing shows 155 new, 1,459 increased, 1,397 reduced and 312 closed positions. Its largest new stake was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M. The largest sale was iShares Core S&P Small-Cap ETF, an estimated $67M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.4% a quarter earlier, followed by Financials and Healthcare.
- LPL Financial's largest Q4 2018 buy was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M.
- LPL Financial added most to iShares Core US Aggregate Bond ETF in Q4 2018, an estimated $127M increase.
- LPL Financial's biggest Q4 2018 reduction was iShares Core S&P Small-Cap ETF, cutting an estimated $67M.
- LPL Financial fully exited Corporate Capital Trust, Inc. in Q4 2018, selling an estimated $30.3M.
- LPL Financial's ten largest holdings make up 24% of its $37.6B portfolio in Q4 2018.
- LPL Financial opened 155 new positions and closed 312 in Q4 2018.
- LPL Financial's portfolio value fell 9.9% quarter-over-quarter to $37.6B.
Based on LPL Financial's 13F filing for Q4 2018, filed 7 Feb 2019.